2020-06-30 · 2 min read
In the past month, we have continued to see strong participation from miners across all campaigns. Solana's campaign started on May 26, just before the start of the month, and the Mainframe campaign was also launched mid-month. Zilliqa's campaign ended at the end of June, read more about it here: Zilliqa liquidity mining campaign case study.
For a discussion and explanation of some of the metrics we are tracking, please see our blog post - Liquidity mining: April recap.
Total distinct miners reached 500! Currently, 1,752 total sign-ups, with 500+ distinct miners having participated and earning rewards
Filled order volume totaled 3.5mm in week 17, bringing the filled order volume to 56.9 million overall
USDC 48,625 cumulative rewards paid out
The top 1 miner has earned 6,017.95 rewards in total and the top 2 miner has earned
We saw 25% growth in the number of distinct miners in June. The new campaigns including Solana and Mainframe attracted a lot of new users.
Total Value Locked
Average Amount of Liquidity (Open Order Volume) per Bot
Currently approx. $800 of open order volume/liquidity has been created per bot, representing a 17% increase from last month.
Filled Volume as % of Binance Totals
Currently, miner filled order volume as percentage of Binance filled order volume is 56%, 13%, 13% and 8% for the MFT, XZC, SOL, and RLC campaigns respectively.
We are now in talks with a few new token projects for future liquidity mining campaigns. Additionally, a few exchanges have reached out to us for collaboration in the past month. We plan to start working on onboarding liquidity mining campaigns to KuCoin a couple of sprints later. Stay tuned!
For exchanges and projects who would like to learn more about liquidity mining, please contact us at firstname.lastname@example.org.